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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

HDG MARKETS

United Kingdom United Kingdom | 5-10 years |
Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.hdglimited.com/en/

Website

Rating Index

Regulation 2.69 Tech 4.33 Reputation 2.56 Business 6.92 Risk Control 0.00
1.22

Contact

+63 9663 490485
https://www.hdglimited.com/en/
291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License

risk

No forex trading license found. Please be aware of the risks.

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
5

Basic Information

Registered Region
United Kingdom United Kingdom
Operating Period
5-10 years
Company Name
HDG Markets Limited
Email
ceo@hdglimited.com
Contact Number
+639663490485
FX4889110933

FX4889110933

Unverified

Hong Kong

The regular profit cannot be withdrawn and said that it is illegal. Manually placing an order on the board, where does the arbitrage come from? The transaction records of the order are all suffixed. Profits do not give money, only the principal. The broker used the quotation delay to say that I violated the rules. The loophole of the broker's quotation delay, what is the reason for the trader to pay for the order?

FX4889110933

FX4889110933

Unverified

Hong Kong

The normal profitbal order cannot be withdrawn, and he also manually places an order to earn 4677. You can only withdraw principal, but not income! Not a penny of profit can be withdrawn. Do not do any communication, what is it if it is not a fraud platform?

927524

927524

Unverified

Hong Kong

Trash fraud platform. The profit from normal mannual profit will not be given and no withdarwal!

摸金校尉43536

摸金校尉43536

Unverified

Hong Kong

After the announcement on August 8, 2002, I have not been able to log in until now or withdraw

许利红

许利红

Unverified

Hong Kong

Cannot withdraw. It is suspect that the platform absconded with fund. How can I get the money back?

FX2802760752

FX2802760752

Unverified

Hong Kong

No withdrawal for no reason. The login access is denied, and the customer service cannot be contacted.

旧梦。

旧梦。

Unverified

Hong Kong

Suddenly, an announcement was issued without any warning, and the background login was closed, and MT4 could not be logged in either. The funds could not be withdrawn, and there was no response to contacting customer service.

陈羿菡

陈羿菡

Unverified

Hong Kong

On the 8.8th, the platform is closed the network and ran away. The account prompts that the password is wrong, and I can't get in at all.

36
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模块说明(前端未翻译)

  • United States hdglimited.com
    154.38.118.161
  • United States caxtonglobal-fx.net
    50.63.202.56

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HDG MARKETS

Related Companies

HDG MARKETS PTY LIMITED(Australia)
Australia
HDG MARKETS PTY LIMITED(Australia)
Deregistered
Australia
Registration No. 657078727
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

Note: HDG MARKETS official site - https://www.hdglimited.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

HDG MARKETS Review Summary in 10 Points
Founded 2-5 years
Registered Country/Region United Kingdom
Regulation ASIC revoked; NFA Unauthorized
Market Instruments Not disclosed
Demo Account Not disclosed
Leverage Not disclosed
EUR/USD Spread Not disclosed
Trading Platforms MT4
Minimum Deposit Not disclosed
Customer Support Email, Address, Phone

What is HDG MARKETS?

HDG MARKETS, with full name HDG Markets Limited, is a United Kingdom-based global brokerage firm who also operate in Philippines. It offers online trading services to its clients. However, it is important to note HDG MARKETS currently has a revoked ASIC (Australia Securities & Investment Commission) license with number 001295273 and unauthorized NFA (National Futures Association) license with number 0545805 which raises concerns when trading. Also, it was categorized as illegal and scam broker on WikiFX.

In the forthcoming sections, we intend to dissect and comprehensively evaluate this broker's features from diverse perspectives, delivering to you well-structured and user-friendly information. We encourage you to read further if you're intrigued. Wrapping up the article, a concise summation will be provided to allow a quick and thorough grasp of the broker's distinguishing traits.

Pros & Cons

Pros Cons
• MT4 trading platforms • ASIC revoked
• NFA unauthorized
• Website dysfunctional
• Categorized as illegal and scam broker on WikiFX
• Lack of transparency
• Negative reviews from their clients

The broker provides MT4 trading platforms, which is certainly a beneficial aspect considering its widespread acceptance and advanced features.

However, the cons significantly outweigh this advantage. Their ASIC license has been revoked, and there's a lack of NFA authorization. The poor design and functionality of their website further impugn their credibility. Being categorized as an illegal and scam broker on WikiFX raises serious safety concerns. Also, transparency is lacking, and there have been numerous negative reviews regarding unable to withdraw from their clients. Overall, these downsides point towards a high-risk, low-trust scenario for potential investors.

Is HDG MARKETS Safe or Scam?

When considering the safety of a brokerage like HDG MARKETS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: The situation of its ASIC license no. 001295273 being revoked, and the NFA license no. 0545805 being unauthorized, combined with the categorization as an illegal and scam broker on WikiFX, certainly casts doubts regarding the security of trading with them. Furthermore, the inaccessibility of their official website suggests a possible halt in operations. All these aspects together enhance the overall risk factors associated with making investments via the platform.

revoked ASC license
revoked NFA license
  • User feedback: The existence of 36 reports on WikiFX regarding withdrawal challenges emerges as potential alert signals. Before opting to interact with any broker or investment platform, it's wise to conduct in-depth research and due diligence to prevent making unfortunate choices.

  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with HDG MARKETS is a personal one. You should weigh the risks and benefits carefully before making a decision.

Trading Platforms

Trading Platforms

HDG Markets utilizes the highly regarded MT4 trading platform which caters to all devices including Windows, Desktop, iOS, and Android.

Renowned for its user-friendly interface, this platform empowers traders with seamless one-click operations for initiating and concluding trades, setting stops and entry limits. It allows the direct placement and modification of orders and the setting of stop-loss limits. Moreover, the MT4 platform offers a robust charting package providing comprehensive market analysis options.

User Exposure on WikiFX

On our website, you'll find a total of 36 reports of withdrawal issues on WikiFX, which signals a significant red flag. We strongly advise all traders to thoroughly investigate all accessible information before putting their hard-earned money at risk. Serving as a comprehensive resource, our platform is designed to assist traders in making well-informed decisions. If you've experienced fraudulent activities by brokers or fallen victim to such incidents, we strongly urge you to report this in our 'Exposure' section. We greatly appreciate your contributions. Our dedicated team remains steadfast in addressing these issues, working vigorously to find resolutions for such challenging situations.

User Exposure on WikiFX

Customer Service

HDG MARKETS provides multiple customer service options to assist its clients. Customers can reach out to HDG MARKETS through various channels to address their queries and concerns as below:

Phone: +63 9663 490485

Email: ceo@hdglimited.com.

Address: 291 Brighton Road, South Croydon, CR2 6EQ, United Kingdom;

4th Floor, One E-com Center, Harbour Dr, Pasay City, Metro Manila, Philippines.

Conclusion

HDG MARKETS, an online brokerage based in the UK, provides trading services per available online information. Yet, its revoked ASIC and unauthorized FCA regulatory status pose immediate warnings- regulated brokers must comply with established financial rules, instilling clients with a sense of assurance. Being branded as an illegal and scam broker on WikiFX further heightens risks for traders, opening them up to potentially fraudulent activities. Furthermore, the dysfunctional website and 36 reports of withdrawal issues on WikiFX reflect a deficit in professionalism and attention to detail, undermining faith in their service reliability.

Therefore, those considering HDG MARKETS should exercise caution and explore alternative, regulated brokers that value transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Q 1: Is HDG MARKETS regulated?
A 1: No. It has been verified that this broker is currently under ASIC revoked and FCA unauthorized condition.
Q 2: Is HDG MARKETS a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and reports of unable to withdraw.
Q 3: Does HDG MARKETS offer the industry leading MT4 & MT5?
A3: Yes, it offers MT4 platform.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Company Profile

  • Scam Brokers
  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is HDG MARKETS safe and reliable?

According to WikiFX data, HDG MARKETS does not demonstrate a profile that can be considered safe and reliable. The broker holds an extremely low overall safety score of 1.57 out of 10 on the WikiFX scale. This score is underpinned by severe deficiencies, most critically a regulatory index score of zero, indicating a complete absence of valid financial licensing. A purported license for its Australian entity from the Australian Securities and Investments Commission (ASIC) has been marked as 'Revoked'. Furthermore, its core business scope is classified as suspicious. The combination of no credible oversight and significant user complaints creates a substantial risk to client funds.

04-14
United States

Is HDG MARKETS regulated?

HDG MARKETS lacks any credible, active regulatory authorization. The entity operating as HDG MARKETS is not licensed by any recognized financial authority. While an associated company, HDG MARKETS PTY LIMITED, was previously registered as an Appointed Representative (AR) with the Australian Securities and Investments Commission (ASIC), that license has been 'Revoked'. The broker's operational history of 5-10 years and UK registration do not substitute for a valid forex trading license. Investors should be aware that the entity operates entirely without credible financial oversight.

04-14
United States

What is the minimum deposit of HDG MARKETS?

WikiFX assessment indicates that specific minimum deposit requirements for HDG MARKETS are not publicly disclosed in a transparent manner. This lack of clear, upfront information regarding fundamental account terms is a significant concern. In such cases, potential clients are strongly advised to proceed with extreme caution, as unclear operational standards often correlate with higher overall risk and poor business practices.

04-14
United States

Does HDG MARKETS support MT4 or MT5?

HDG MARKETS previously utilized the MetaTrader 4 (MT4) platform. Its software interface achieved a moderate score of 4.0 on the WikiFX index, indicating basic functionality was operational. However, this technical detail is overwhelmingly overshadowed by severe non-technical risks. Multiple user reports indicate that access to the MT4 platform and the broker's client area was abruptly terminated in August 2022, rendering the platform support moot. The critical issue is not software capability, but the platform's availability and the safety of funds within it.

04-14
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com